Paramount Group

Paramount Group, Inc. is a real estate investment and management company. It owns, operates, manages, acquires and redevelops office properties in central business district submarkets of New York, District of Columbia and San Francisco. The company operates through the following geographical segments: New York, San Francisco and Washington. Paramount Group was founded by Werner Otto in 1978 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Paramount Group meets FFO guidance, faces leasing challenges and undervaluation

Paramount Group delivered solid financial performance, strong leasing activity, and sustainability recognition. Challenges include leasing delays and market uncertainties. Opportunities exist in strategic partnerships and undervalued assets.

Paramount Group surpasses Q1 expectations, eyes growth opportunities cautiously

Paramount Group's Q1 performance exceeded expectations, with strong leasing activity and increased FFO guidance. The company's focus on strategic capital allocation and sustainability efforts are notable strengths. Challenges include muted transaction market activity and lease negotiation unpredictability.
Opportunities lie in the improving San Francisco market, potential value-add investments, and careful evaluation of dividend policy. Paramount Group remains cautious yet optimistic about market conditions and future growth strategies.

Paramount Group beats Q2 estimates but revises 2023 guidance downward

Paramount Group faced challenges with lease terminations impacting guidance and a loan default situation. Despite this, efforts to fill vacancies and attract tenants are ongoing, with a cautious approach to new acquisitions.

Paramount Group meets Q3 expectations, focuses on resilience and opportunities

Paramount Group's Q3 performance met expectations with strong leasing activity in key markets. The company maintains a focus on financial strength and resilience amidst economic uncertainties. Opportunities exist in early tenant renewals and strategic market positioning.
Challenges persist in the transaction market due to external factors, but Paramount Group's proactive approach to managing lease expirations and refinancing debt demonstrates sound financial management.

Paramount Group excels in Q4, eyes strategic leasing for 2024

Paramount Group's strong performance in Q4 2023 and focus on lease exploration for 2024 show resilience and strategic planning.
Emphasis on sustainability, strong lender relationships, and disciplined capital allocation are key strengths.
Challenges from 2023 addressed with a clear plan for 2024, leveraging market opportunities and enhancing tenant experience.

Paramount Group surpasses Q1 expectations with strong leasing activity

Paramount Group's Q1 performance exceeded expectations, driven by strong leasing activity and operational performance. The company's focus on sustainability, financial flexibility, and strategic leasing initiatives positions it well for growth. Challenges include maintaining pricing power in different markets and finalizing strategic decisions on dispositions and lease renewals.

Paramount Group (PGRE) reports strong Q3 earnings and outlook

Paramount Group (PGRE) demonstrated solid financial performance with Core FFO exceeding expectations.
Despite challenges in San Francisco leasing and dividend suspension, the company maintains a strong balance sheet.
Management's focus on tenant experience and cautious capital deployment positions them well for future growth.
Positive market trends and raised FFO guidance indicate a promising outlook for Paramount Group.

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Paramount Group, Inc. is a real estate investment and management company, which engages in the ownership, operation, management, acquisition, and redevelopment of office properties in central business district submarkets. It operates through the New York and San Francisco geographical segments. The company was founded by Werner Otto in 1978 and is headquartered in New York, NY.

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Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds

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Paramount Group, Inc. (NYSE:PGRE ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Tom Hennessy - Investor Relations Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer, and Treasurer Peter Brindley - Executive Vice President and Head, Real Estate Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Vikram Malhotra - Mizuho Derek Johnston - Deutsche Bank Ronald Kamdem - Morgan Stanley Michael Manos - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group, Inc. (PGRE) Q1 2023 Earnings Call Transcript

Paramount Group (PGRE) came out with quarterly funds from operations (FFO) of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.25 per share a year ago.

Paramount Group (PGRE) Tops Q1 FFO and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 today and reported results for the first quarter ended March 31, 2023. First Quarter Highlights: Results of Operations: Reported net income attributable to common stockholders of $1.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2023, compared to $3.4 million, or $0.02 per diluted share, for the quarter.

Paramount Announces First Quarter 2023 Results

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NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2023 with the U.S. Securities and Exchange Commission and release its first quarter 2023 financial results on Wednesday, May 3, 2023 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 4, 2023 at 10:00 a.m.

Paramount Announces Release Date for First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it signed a 16.5-year, 119,000 square foot lease with Wilson Sonsini Goodrich & Rosati (“Wilson Sonsini”), an internationally acclaimed law firm, at 31 West 52nd Street, a 768,000 square-foot trophy office building, located in Midtown Manhattan.

Paramount Signs 119,000 Square Foot Lease at 31 West 52nd Street in New York

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2023 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. Paramount was selected from a network of thousands of ENERGY STAR partners, distinguishing the Company as a leader in the sustainability space.

Paramount Earns 2023 ENERGY STAR® Partner of the Year Award

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Paramount Group owns and operates Class-A office properties in two primary markets, New York and San Francisco. The company is reporting promising strength in their largest market, New York, which represents more than 70% of their business.

Paramount Group: Key Tenancy Risk Relating To Fallout Of SVB Failure

Paramount Group, Inc. (NYSE:PGRE ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Tom Hennessy - Vice President of Business Development and Investor Relations Albert Behler - Chairman, Chief Executive Officer, and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley - Executive Vice President, Head of Real Estate Conference Call Participants Steve Sakwa - Evercore Blaine Heck - Wells Fargo Vikram Malhotra - Mizuho Derek Johnston - Deutsche Bank Dylan Bazinsky - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group, Inc. (PGRE) Q4 2022 Earnings Call Transcript

Paramount Group (PGRE) delivered FFO and revenue surprises of 0% and 0.68%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Paramount Group (PGRE) Meets Q4 FFO Estimates

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2022 today and reported results for the fourth quarter ended December 31, 2022. Fourth Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $37.9 million, or $0.17 per diluted share, for the quarter ended December 31, 2022, compared to net income attributable to common stockholders of $1.

Paramount Announces Fourth Quarter 2022 Results

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NEW YORK--( BUSINESS WIRE )--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission and release its fourth quarter 2022 financial results on Wednesday, February 15, 2023 after the end of trading on the New York Stock Exchange.

Paramount Announces Release Date for Fourth Quarter 2022 Results

NEW YORK--( BUSINESS WIRE )--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2022 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount's dividends.

Paramount Announces Tax Treatment of 2022 Common Stock Dividends

Paramount Group, Inc. has an interest in a targeted portfolio of Class A office properties in select central business districts in New York and San Francisco. The company has favorable exposure to the Legal and Financial sectors, two industries with higher return rates to in-person office work.

Paramount Group: More Progress Needed On Upcoming Expirations

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2022 GRESB Real Estate Assessment.

Paramount Achieves GRESB 5 Star Rating for Fourth Consecutive Year

Paramount Group, Inc. (NYSE:PGRE ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Tom Hennessy - Vice President of Business Development and Investor Relations Albert Behler - Chairman, Chief Executive Officer, and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley - Executive Vice President, Head of Real Estate Conference Call Participants Brian Spahn - Evercore ISI Derek Johnston - Deutsche Bank Vikram Malhotra - Mizuho Ronald Kamdem - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group, Inc. (PGRE) Q3 2022 Earnings Call Transcript

Paramount Group (PGRE) delivered FFO and revenue surprises of 0% and 1.05%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Paramount Group (PGRE) Q3 FFO Meet Estimates

News for Paramount Group Stock (PGRE)